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The weekly sales (in dollars) for a particular brand of chocolate bar for a chain of grocery stores located in Sydney, Australia, follows. Week Sale

The weekly sales (in dollars) for a particular brand of chocolate bar for a chain of grocery stores located in Sydney, Australia, follows.

Week

Sale ($)

1

100

2

125

3

321

4

430

5

400

a.Use a three-week moving average to develop a forecast for week 6.

b.Use exponential smoothing with a smoothing constant of =0.4 to develop a forecast for week 6.

c.Which of the two methods do you prefer and why?

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